ForexGoldenBoy

ForexGoldenBoy Updated 

My reasoning: Graphically, the pair is trending higher and the current decline seems to be only a temporary retracement. Fundamentally, no announcement is expected in the next few days on the pair. So barring any unforeseen events, nothing to change its current direction. I am considering a bullish scenario in day trading, possibly overnight if necessary. For a...

ForexGoldenBoy Updated 

The uptrend line, the SAR below prices and the exit through the upper boundary of the Bollinger indicate an uptrend in prices. The tightening of the Bollinger means that a big move is coming. The underlying trend is already visibly bullish and all of these indicators suggest to me that in the short term, the pair could possibly continue to move higher. I am...

ForexGoldenBoy

Ascending triangle in formation: After a long pause, prices finally manage to break the bullish resistance that was preventing them from climbing even higher. Now perhaps a bullish continuation towards the TP is possible for the next part. This scenario is not an investment advice A failure of the scenario is highly possible Do not copy it, or you risk losing your money

ForexGoldenBoy

New breakout of the downtrend line A pull back could be in progress In theory, this is a bullish reversal pattern If the theory holds, perhaps a bullish continuation can follow This scenario is not an investment advice A failure of the scenario is highly possible Do not copy it, or you risk losing your money

ForexGoldenBoy

The underlying trend was bearish It was following a bearish trend line A bullish breakout has just occurred on the pair This is a bullish reversal pattern Perhaps a bullish reversal is on its way This scenario is not an investment advice A failure of the scenario is highly possible Do not copy it, or you risk losing your money

ForexGoldenBoy Updated 

Prices are following an upward trend line The underlying trend is bullish A bullish rebound is underway in the pair Perhaps prices can continue to rise This scenario is not an investment advice A failure of the scenario is highly possible Do not copy it, or you risk losing your money

ForexGoldenBoy Updated 

My reasoning : I open a short position on the pair for a short term scenario, in hours or days.The market is fundamentally bearish and the current rebound could bring it back to the previous lows. Fundamentally, the yen pairs are very bullish overall and often there is some sort of reverse movement on the eur pair, so this reinforces the bearish...

ForexGoldenBoy Updated 

Breakout of a horizontal resistance This is a bullish continuation pattern Maybe prices can continue to rise This scenario is not an investment advice A failure of the scenario is highly possible Do not copy it, or you risk losing your money

ForexGoldenBoy Updated 

The pair is on a bullish support Already 2 successful rebounds in the past Maybe once again the price will go up This scenario is not an investment advice A failure of the scenario is highly possible Do not copy it, or you risk losing your money

ForexGoldenBoy Updated 

Prices are in a bullish channel The underlying trend is therefore bullish Prices have also broken the Bollinger Band This is also a bullish pattern Perhaps a rebound is in order This scenario is not an investment advice A failure of the scenario is highly possible Do not copy it, or you risk losing your money

ForexGoldenBoy Updated 

Prices are in a bearish channel So the underlying trend is bearish But the rsi shows a bearish divergence Perhaps a bullish rebound to follow from the intermediate trend line As many times in the past This scenario is not an investment advice A failure of the scenario is highly possible Do not copy it, or you risk losing your money

ForexGoldenBoy Updated 

Prices appear to have touched bullish support The pair seems to be in a bullish rebound Perhaps a continuation of the upward trend to follow This scenario is not an investment advice A failure of the scenario is highly possible Do not copy it, or you risk losing your money

ForexGoldenBoy

Breakout of a trend line In theory, this means that buyers are getting back into the game Perhaps a bullish continuation for the future This scenario is not an investment advice A failure of the scenario is highly possible Do not copy it, or you risk losing your money

ForexGoldenBoy

Prices are forming an ascending triangle. The underlying trend is therefore bullish Prices are in a potential rebound zone Possibility of a short-term upward recovery This scenario is not an investment advice A failure of the scenario is highly possible Do not copy it, or you risk losing your money

ForexGoldenBoy Updated 

Bearish divergence on the pair Followed by a breakout from the top of the bearish channel In theory these are two bullish reversal patterns Perhaps a return to the upside to follow This scenario is not an investment advice A failure of the scenario is highly possible Do not copy it, or you risk losing your money

ForexGoldenBoy Updated 

My goal number 1 has been reached The prices are thus oriented upwards The configuration remains the same The rebound is starting now Maybe a bullish continuation is possible This scenario is not an investment advice A failure of the scenario is highly possible Do not copy it, or you risk losing your money

ForexGoldenBoy Updated 

The pivot has been broken But the price could not reach S1 Now the pair has entered a bullish channel This implies an upward trend A bullish breach of P would reinforce my assumption Perhaps a bullish continuation to follow This scenario is not an investment advice A failure of the scenario is highly possible Do not copy it, or you risk losing your money

ForexGoldenBoy Updated 

Breakout on a descending wedge Theoretically, this is a bullish reversal pattern Perhaps a continuation of the upward trend to follow This scenario is not an investment advice A failure of the scenario is highly possible Do not copy it, or you risk losing your money